RadNet Inc (NASDAQ: RDNT) has reported a loss for its second fiscal quarter (ending June 30) of $-0.04 versus $0.14 for the same period a year ago — a decline of -129%. This performance was $-0.21 short of the consensus estimate of $0.17. E.P.S. were $0.15 for the latest four quarters through June 30 versus $-0.22 for the same period a year ago.
Recent Price Action
RadNet Inc (NASDAQ: RDNT) stock closed at $56.89 on 8/7/24 after a decline of -4.3%. Trading volume in this decline was normal. The stock has declined -4.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RDNT is expected to be a modest Value Builder.
RadNet has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. RadNet has a poor Appreciation Score of 16 but a very high Power Rating of 97, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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